Hana Bank prices successful benchmark bond

The Korean bank prices the largest Reg-S-only bank capital trade out of Asia.

Joint bookrunners Credit Suisse, Barclays Capital and Deutsche Bank led Hana Bank, the South Korean banking arm of Hana Financial Group, through the largest Reg-S-only bank capital trade out of Asia, as well as the tightest new issue spread for a Korean bank sub-debt.

HanaÆs $500 million 10-year non-call five lower tier-2 bond last night attracted $960 million of demand, closing at the tight end of revised pricing guidance 43bp to 45bp over mid-swaps at 43bp over mid-swaps. The deal...